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lukranit
29 days ago
9

Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal

l​ John, Anna is very rational. She realizes that the more she spends on her phone​ bill, the less money she has left to purchase other goods and services. Anna's demand schedule for phone call to John is given in the table below.
Price (per month) Quantity (Calls per month)
$18 20
14 24
10 28
6 32
2 36

Required:
Using the multipoint curve drawing tool, draw Anna's demand curve for phone calls given the demand schedule above. Properly label your curve.

Business
1 answer:
harina [3.5K]29 days ago
8 0

Answer:

Please refer to the attached image for a depiction of Anna's demand curve.

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Suppose that demand for a product is Q = 1200 − 4P and supply is Q = −240 + 2P. Furthermore, suppose that the marginal external
Free_Kalibri [3472]
16 units exceed the social optimum. DWL = deadweight loss = (1/2)*(Q* - Q°) 12 = 96 Explanation: Given the demand Q=1200 - 4P and supply Q=-240 + 2P, we know in a free market, quantity demanded equals quantity supplied: 1200 - 4P = -240 + 2P. This results in P = 240 and Q* = 240. The socially optimal quantity occurs when marginal social benefit (MSC) equals marginal social cost (MSC), including marginal external costs (MEC). With MPC= marginal private cost as the inverse of the supply function: MPC = (1/2)*Q + 120, and MEC=12, our equation for MSC becomes MSC=[(1/2)Q + 120 + 12]. Also, MPB equals 300 - (1/4)Q. Setting (1/2)Q + 132 = 300 - (1/4)Q yields Q° = 224. The difference between Q* and Q° is 16 units more than the social optimum. Therefore, deadweight loss computes to 96.
4 0
1 day ago
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,435,000, $147,000 in the common stock account,
harina [3503]

Answer:

$34,500

Explanation:

Whelan, Inc.

Operating Cash Flow for 2019

Details Amount ($)

Interest paid (97,500)

Reduction in net working capital investment 132,000

Total net operating cash flow 34,500

5 0
5 days ago
Jake owns a company called Boat Builders, LLC and one evening he took several of his employees out after work to a bar. After ea
harina [3503]
Yes, since Boat Builders, LLC did not maintain an adequate standard of care on their property.
4 0
16 days ago
Type the correct answer in the box. Spell all words correctly. Helena works at a paper mill. She has just blocked a proposal fro
soldi70 [3439]

Helena trabaja en una fábrica de papel. Ella acaba de bloquear una propuesta de un consultor que implicaba talar algunos acres adicionales de bosque. Argumentó que, hasta ese momento, la empresa necesitaba reforestar otra área cuando talaban un bosque-Ha demostrado el concepto de Conservación Ambiental en RSE

Explanation:

Existen cuatro tipos de Responsabilidad Social Empresarial

1) filantropía

2) conservación del medio ambiente

3) diversidad y prácticas laborales

4) voluntariado

En la pregunta vemos que Helena ha bloqueado una propuesta que requería la tala de bosque, ya que la tala de árboles en un área requiere reforestación en otra.

Por lo tanto, podemos concluir que Helena ha demostrado el concepto de Conservación Ambiental en RSE

6 0
1 month ago
Jane purchased a piece of equipment for $250,000 for use in her business. She incurred freight charges of $3,500, installation c
stepan [3264]

Answer: $36,000 loss

Explanation:

Initial cost = $250,000

Shipping fees = $3,500

Setup fees = $2,500

Annual maintenance = $5,000

Depreciation amount = $25,000

Proposed selling price = $200,000

Total costs involved = $(250,000 + 3,500 + 2,500 + 5,000)

Total costs involved = $261,000

Depreciation amount = $25,000

Equipment's book value = $261,000 - $25,000 = $236,000

Calculating gain/loss = Book value - selling price

Gain/loss = $236,000 - $200,000

$36,000 loss

4 0
1 month ago
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